UNDERGRADUATE Profiles Publish Date 2/26/09

Michigan State University

Broad College of Business

Getting In

PROGRAM BASICS

Eli Broad College of Business

402A Eppley Center
Michigan State University
East Lansing , Michigan 48824-1122

Public Institution

Web site

http://www.bus.msu.edu

Program e-mail address:

undergrad@bus.msu.edu

Program telephone number:

(517) 355-7605

AACSB accredited:

Yes

Year in which the undergraduate business program was founded:

1944

Length of entire institution:

Four Year

Business program length:

Two Year

Degrees offered:

Degree/Program Name:
BA/Accounting
BA/Finance
BA/General Business Administration-Prelaw
BA/General Management
BA/Human Resource Management
BA/Marketing
BA/Supply Chain Management

PROGRAM COSTS

Annual Tuition (Resident):

$ 9,330

Annual Tuition (Non-Resident)

$ 24,788

Cost per academic credit (resident)

$ 311

Cost per academic credit (non-resident)

$ 826

Required fees

$ 934

Books:

$ 944

Room and board:

$ 7,076

ENROLLMENT

Full-time undergraduate business student enrollment:

4,434

Part-time undergraduate business student enrollment:

387

Distance undergraduate business student enrollment:

Total College enrollment for 2008-09:

46,648

ADMISSIONS

Minimum SAT score for entire college on 1600 scale:

Minimum ACT score for entire college:

Minimum high school GPA for entire college:

Interviews for entire college:

Not offered

Additional application requirements for entire college:

All students must submit a written personal statement. All international students must submit a TOEFL score.

Upcoming application deadlines for entire college:

Semester: Fall 2009
Deadline: Suggest 1 year prior
Semester: Spring 2010
Deadline: Suggest 1 year prior
Semester: Summer 2010
Deadline: Suggest 1 year prior

Freshmen admitted into business program:

Percentage of business students admitted as freshmen:

0 %

Are the freshman admits to the business program required to complete pre-business courses before beginning upper-lever courses in the junior year?

Internal transfers handled by:

Separate application

Minimum requirements for business program:

Minimum SAT score: na
Minimum ACT score: na
Minimum high school GPA : na

Entrance exam requirement other than SAT/ACT for business program:

Interview to enter business program:

Not offered

Additional application requirements for freshman admits:

N/A

Minimum college GPA for internal business program transfers:

3.1

Additional requirements for internal transfers:

Personal Statement Optional

Total number of full-time applications for entire college:

25,589

International applicants, entire college, 2008-09:

5 %

Female applicants, entire college, 2008-09:

60 %

Selectivity--applicants admitted to undergraduate business program, 2008-09:

70 %

Yield -- applicants enrolled in undergraduate business program, 2008-09:

41 %

Relative Importance of Application Elements:

Secondary School Record:

Very Important

Class Rank:

Considered

Talent/Ability:

Important

Interview:

Not Considered

Extracurricular Activities:

Considered

Volunteer Work:

Considered

Character/Personal Abilities:

Considered

Application Essay:

Important

Work Experience:

Considered

SAT/ACT Scores:

Very Important

Recommendations:

Not Considered

High School GPA:

Very Important

Admissions program managed by:

The business program office

Total undergraduate business program applicants, 2008-09:

1,503

Applicants enrolled in undergrad business program 2008-2009:

99 %

Applicants admitted to undergraduate business program, 2008-09:

71 %

CLASS PROFILE

Class Profile:

Female: 37 %
International : 9 %

Entering students by age:

Mean: 21
Median: 21

Citizenship of Entering Students

U.S.: 91 %
Canada: 0 %
Other countries: 9 %
Unknown: 0 %

Percentage of US citizens in entering class who are:

African American: 3 %
Asian American: 8 %
Hispanic or Latino American: 2 %
Multiethnic/Multiracial : 2 %
Native American: 1 %
White (Non-Hispanic): 76 %
Chose not to report: 0 %
Other: 8 %

Entering students from the following region:

Northeast: 1 %
Mid-Atlantic: 0 %
South: 0 %
Southwest: 1 %
Midwest : 97 %
West: 1 %
Possessions and territories: 0 %

SAT Scores for full-time entering business students on 1600 scale:

Mean: 1140
Median: 1150

SAT middle 50% range on 1600 scale:

From: 1,050
To: 1,220

ACT Scores for full-time entering business students:

Mean: 24
Median: 24

ACT middle 50% range:

From: 22
To: 26

Percent of Students Who Were In:

Top 10% of high school class

32 %

Top 25% of high school class:

47 %

HS GPA of 3.75 or higher

39 %

HS GPA of 3.5 to 3.74:

34 %

FINANCIAL AID

Financial aid handled by:

Central financial aid office at the university

Institutional scholarship money distributed to undergraduate business students in previous academic year:

$ 8,351,775

Institutional scholarship money to be distributed to undergraduate business students in current academic year:

$ 7,687,950

Scholarships awarded to students in the business program based on:

A combination of need and merit

Scholarship consideration process:

Unique scholarship application

Other scholarship considerations:

N/A

Students receiving institutional scholarships for 2008-09 academic year:

25 %

Undergraduate business students with full-tuition scholarships 2008-09:

1 %

Percentage of institutional scholarship money distributed to business students based on merit, 2008-09 year:

56 %

Percentage of institutional scholarship money distributed to business students based on need, 2008-09:

20 %

School offers guaranteed loans:

Financial aid web site

http://www.finaid.msu.edu/

Academics & Lifestyle

PROGRAM BASICS

Business students who graduate within four years:

67 %

Business students who graduate within 6 years:

95 %

Freshman retention rate:

91 %

PROGRAM REQUIREMENTS

Credit hours required for graduation:

Degree: BA
Hours: 120

Other degree requirements:

1.) Writing: Writing, Rhetoric and American Cultures; 2.) Integrative Studies: Biological Science, Physical Science, Science Lab, Arts and Humanities I, Arts and Humanities II, Social Sciences I, Social Sciences II; 3.) Business Core: College Algebra, Survey of Calculus with Applications I, Computing Concepts and Competencies, Introduction to Microeconomics, Introduction to Macroeconomics, Principles of Financial Accounting, Principles of Management Accounting, Introduction to Probability and Statistics for Business, International Business, Financial Management, Law, Public Policy, and Business, Business Information Systems and Technology, Managing Human Resources & Organizational Behavior, Managerial Marketing, Introduction to Supply Chain Management, Quantitative Business Research Methods, Business Policy and Strategic Management; 4.) Major Field: 12-19 Credits of Major Field Requirements for Accounting, Finance, General Business Administration-Prelaw, General Management, Human Resource Management, Marketing, or Supply Chain Management; 5.) Non-Business Elective Credits: A minimum of 9 credits required; 6) Additional Elective Credits: Required to reach 120 credits.

ACADEMICS

Average class size in required business courses:

Average class size in business electives:

Average class size in non-business electives required for admission to business program:

212

Class size:

Classes with fewer than 20 students: 0 %
Classes with 21 to 50 students: 30% %
Classes with more than 50 students: 70 %

Required business courses that reached maximum enrollment by the first day of class, previous academic year:

100 %

Required business courses that had waiting lists, 2007-08:

17 %

CURRICULUM

Electives added current year:

Entrepreneurship: New Venture Process
Emerging Enterprise Law
Entrepreneurial Finance
Sales Management

Year of the last major change to the business program's core curriculum:

2001

Leading areas of study:

Accounting

Finance

General Management

Marketing

Supply Chain Management

International Business

Special programs for business students:

Students may be eligible to be a Broad Scholar (partner with a faculty member on research), participate in the Broad Freshman Residential Program (a one-year living-learning opportunity), be a member of the Financial Markets Institute (network with financial industry leaders), be a Broad Ambassador (represent the school at orientation and other high-profile events), participate in the Broad Coach Program (be assigned an alumni mentor), and participate in the Residential Initiative on the Study of the Environment (RISE).

Business program offers work study or co-op opportunities:

Yes

71% of seniors identified having an internship or co-op, with 28% having more than one.

Business program offers study abroad opportunities:

Yes

Study abroad program description:

Michigan State University is the national leader in study abroad, offering more than 200 programs, on all continents and in over 60 countries. Programs are offered every session, including winter break, and range from two weeks to an academic year. In many instances, costs do not exceed a semester’s study on campus on a per credit basis. Over 20 percent of current MSU students participate in study abroad and the program continues to grow. An increasingly common component of excellence in higher education today, study abroad is quickly becoming an expected and integral part of the undergraduate experience at Michigan State University. Students understand that studying abroad helps them develop the academic/intellectual, personal, professional, and intercultural skills and attitudes required to become effective and competitive in the global environments they will encounter after graduation. Students are encouraged to explore study abroad opportunities early. Visit www.studyabroad.msu.edu for more information.

Volunteer work and community service opportunities:

Yes

Volunteer opportunities description:

The MSU Center for Service-Learning and Civic Engagement (CSLCE) has a long and dedicated history of linking students and faculty to community. The CSLCE assists students, faculty/staff, and community partners at every step of the way to create and manage service and engagement opportunities by linking students with appropriate service opportunities and providing orientation sessions regarding program expectations, logistics, safety, and other pertinent information; assisting faculty in integrating service-learning, community and civic engagement into courses; and working with community partners to establish and enhance requested service opportunities. The Broad School also has a very active chapter of Students Consulting for Non-Profit Organizations, which engages in pro-bono projects with local organizations.

Business clubs and extracurricular activities:

28 Business Organizations:
9 Major Related Business Organizations
13 Special Interest Business Organizations
3 Co-Ed Professional Business Fraternities
3 Honorary Business Organizations

FACULTY

Faculty:

Full-time faculty : 80
Adjuncts and visiting faculty: 8
Permanent/tenured professors: 37
Percentage of permanent/tenured professors who are women: 16
Percentage of permanent/tenured professors who are underrepresented minorities: 8
Percentage of permanent/tenured professors who are also members of company boards of directors or of advisors: 8
Percentage of permanent/tenured professors who are business owners: 23

Prominent faculty:

Charles Hadlock
Tomas Hult
Edmund Outslay

STUDENT LIFE

Largest on-campus organizations for business students:

Finance Association
Accounting Student Association
MSU Marketing Association
Supply Chain Management Association
Women in Business Students' Association

Freshmen are required to live on campus:

Yes

Business students are grouped in learning communities:

Yes

TECHNOLOGY

Wireless network available:

Yes

Technological improvements made in the last three years:

Creation of a 56-person instructional microlab; full wireless access implemented throughout entire business complex and all remote sites; high-speed fiber installed at off-site facilities; equipment provided for new business communications center; mass storage system implemented; firewalls upgraded; portable videoconferencing system installed; Web casting/media streaming capabilities introduced; upgraded state-of-the-art Financial Analysis Laboratory.

Trading laboratory available:

Yes

Alumni Affairs & Careers

ALUMNI

Total number of undergraduate business program graduates since inception:

62,687

Single donation in excess of $10 million in 2007-08?

Prominent alumni:

Name: Eli Broad
Title: Founder, The Broad Foundations
Name: James M. Cornelius
Title: Chairman & CEO, Bristol-Myers Squibb
Name: Craig D. Brown
Title: Pres. & CEO, Keelers Ridge Associates; pres. & owner, Greenville Drive

CAREER SERVICES

Percent of 2008 graduates who provided employment information:

84 %

Seeking full-time employment in business: 73 %
Not Seeking full-time employment in business: 27 %

Number of companies recruiting undergraduate students on campus in previous academic year:

440

Companies that posted full-time job offers/positions on school job boards, previous academic year:

590

Other activities and services provided for business majors:

-Career Advising Sessions -Resume Critiques -Mock Interviews -Employer Presentations -Career Fair Prep Sessions -Career Fairs -Resume Writing Workshops -Corporate Sponsored Events -Career Coaching/Mentoring Programs -Career Course -Alternative Spring Break Corporate Tour -Project Green--Community Service Initiative (Student & Employers) -Target Stree Team-Career Information Group -Union Pacific Media Studio Videos and Media -Career Publications -On-site Business Communication Center -Employer Advisory Council -Career Advice & Services Hub (C.A.S.H.) Facebook page -Career Advice Blog

Job offer results, 2008 graduates:

Received first job offer by graduation: 85 %
Received first job offer in three months following graduation: 12 %
Received first job offer more than 3 months after graduation: 3 %
Did not report having received a job offer: 0 %
Accepted first job offer by graduation: 81 %
Accepted first job offer in three months following graduation: 15 %
Accepted first job offer more than 3 months after graduation: 4 %
Did not report having accepted a job offer: 0 %

Top hiring firms:

International Bus. Machines
Sears Holdings
General Motors
Whirlpool
Dell
Boeing Company
Ford Motor
Deloitte Touche Tomatsu
General Electric
Royal Dutch Shell
Target Corp.
General Mills

Eaton
Kohl's
Federal Mogul

Graduate compensation:

Mean base salary: $ 48,170
Median base salary: $ 50,000
Mean signing bonus: $ 3,944
Median signing bonus: $ 3,000
Mean other guaranteed compensation: $ 0
Median other guaranteed compensation: $ 0

Grads accepted jobs in following functional areas:

Consulting: 7 %
Finance/Accounting: 32 %
General Management: 10 %
Human Resources: 3 %
Management Information Systems: 1 %
Marketing/Sales: 14 %
Operations/Production: 3 %
Logistics/Transportation: 3 %
Other: 27 %

Grads accepted jobs in following industries:

Accounting: 8 %
Consumer Products/Retail: 20 %
Consulting Services: 8 %
Financial Services: 12 %
Government/Education: 2 %
Pharma/Biotech/Health: 4 %
Manufacturing: 20 %
Media/Entertainment: 1 %
Petroleum/Energy: 3 %
Real Estate: .5 %
Sports/Leisure: 2 %
Technology/Science: 5 %
Non-Profit: 0 %
Transportation: 6 %
Utilities: .5 %
Other: 8 %

Percentage of job acceptances, US and Canada:

US: 99 %
Canada: 0 %

Grads accepted jobs in the following US regions:

Northeast: 4 %
Mid-Atlantic: 5 %
Midwest: 72 %
South: 8 %
Southwest: 6 %
West: 5 %
US Possessions/Territories: 0 %

Number of companies recruiting interns on-campus, 2007-08 academic year:

326

Internship postings on job boards, previous academic year:

410

Top internship recruiters, 2007-08:

Ernst & Young
Deloitte Touche Tomatsu
PricewaterhouseCoopers
Target Corp.
General Motors
KPMG LLP
General Electric
Motorola
Sears Holdings

Plante and Moran
Virchow Krause
BDO Seidman
Delphi
Holcim
John Deere

Percentage of internships that were paid, previous academic year

94 %

Mean internship compensation per week:

$ 565

Median internship compensation per week:

$ 587

Average internship, in weeks:

Graduate Comments

I believe Michigan State University�s study abroad program, especially the business colleges programs, is what makes it unique. There are such a variety of programs offered, it almost seems you can pick anywhere on the world map. The world is connecting at a fast rate and it is important to experience other cultures, which the business college makes easy to do.

Our program offers specific classes geared towards providing hands-on experience. Students are encouraged to work together in teams to solve problems in a mildly competitive environment. In many of my classes we are assigned groups and sent off on our own to develop our own unique solutions to problems and then present in class which allows us to learn through doing and is more reflective of an actual career. The students here pride themselves on our code of ethics and perform extremely well academically.

Decent at best. I�ve been happy with the accounting program generally, but some professors have been horrible. The work is pretty straight forward usually, but the college of business has classes all over campus which takes away from the professional feel the school should be going for. The facilities are alright as well, but could still use improvement.

The amount and quality of companies recruiting on campus for supply chain majors is exceptional. The career fair was extremely weighted towards supply chain majors; everywhere I turned was a job opportunity.

The class at MSU is way too big. The College of Business accepts too many people into its programs. We need to lower the number of business school enrollment (undergrad).

What Michigan State does best is transforms blue collar students into white collar workings while still maintaining their blue collar work ethic.

We have too many professors teaching upper level classes who don�t speak clear English and it really hinders my learning and the effectiveness of the class. There are huge language and cultural barriers.

What it lacks in quality of academics, it surpasses standards of job preparation and professional development.

It is appalling that MSU�s business program does not make ANY type of ethics course mandatory.

The Business College is too focused on group work and not enough on individual responsibility. Every class has at least one group, which results in five groups throughout one semester. Most faculty fail to incorporate real-world and recent examples into lecture, by using the same material year after year. Most faculty members do not hold students to high standards and do not find teaching as their passion.

Michigan State is a very large university and many students I have spoken with at other large universities complain of large class sizes. However, I have noticed that even when the class sizes are large, the Professors are still able to make time for their students. Although I'm sure, they would have more time if the classes had 20 people instead of 200 I believe they have been trained over the years to always provide the resources students need.

The business program, especially supply chain management is truly great.